$700,000
$650,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
0.5 Acres Lot
SOLD DATE : 06/20/2023
Key Details
Sold Price $700,000
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23071317
Sold Date 06/20/23
HOA Y/N No
Lot Size 0.501 Acres
Acres 0.5007
Property Description
The investment opportunity you've been looking for. Units, units, units, units. Amazing builder or developer opportunity. Highest and best use is land value. City of El Monte informally states that SB9 could allow 4 units on this lot with appropriate zoning clearance and tentative parcel map lot split. BUYER TO VERIFY. Existing home is a fixer. Lot is flat, rectangle shaped, and accessible. The city purchased a portion of the front of the lot for street improvements as part of neighboring home development which you'll see on the plat map. The lot size shown in this listing is the current lot size after improvements by the city. This improvements include: street, curb, driveway approach, sidewalk, retaining wall, and fencing. El Monte is a very diverse neighborhood so there might be other uses for this property. Interested buyers should investigate BEFORE submitting an offer. Submit offers subject to property inspection.
The investment opportunity you've been looking for. Units, units, units, units. Amazing builder or developer opportunity. Highest and best use is land value. City of El Monte informally states that SB9 could allow 4 units on this lot with appropriate zoning clearance and tentative parcel map lot split. BUYER TO VERIFY. Existing home is a fixer. Lot is flat, rectangle shaped, and accessible. The city purchased a portion of the front of the lot for street improvements as part of neighboring home development which you'll see on the plat map. The lot size shown in this listing is the current lot size after improvements by the city. This improvements include: street, curb, driveway approach, sidewalk, retaining wall, and fencing. El Monte is a very diverse neighborhood so there might be other uses for this property. Interested buyers should investigate BEFORE submitting an offer. Submit offers subject to property inspection.
Location
State CA
County Los Angeles
Area El Monte (91732)
Others
Monthly Total Fees $46
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition NOD Filed/Foreclosure Pnd
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Bought with BAO LIU • Pinnacle Real Estate Group